The price is currently stable and trading above the significant support zone located between 200.590 and 199.470. Today, the price is exhibiting an upward trend, and it is anticipated to reach the resistance level of 201.46. However, if the price settles below 200.590, it is expected to move within the range between this level and 199.470.
Should the price manage to sustain its position above 200.590, the likelihood of reaching the resistance level of 201.46 increases, indicating a continuation of the upward momentum. Conversely, if the price falls and stabilizes below 200.590, it suggests a potential consolidation phase, where the price may oscillate within the defined range of 200.590 to 199.470 before determining its next direction.
Monitoring these key levels will be crucial for anticipating future price movements and making informed trading decisions.